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321 Walnut Street

Santa Paula, CA 93060
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Bed 0

Bed

Bath 0

Bath

SqFt2,281

Sqft

SqFt6,098

Sqft(Lot)

Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $899,000

AD Id : 77771357

MLS Id : V1-36040

Lot Size : 6,098 Sqft

Living Area Size : 2,281

Year Built : 1900

County : Ventura

Subdivision: Country Club Estates

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Feature Features

  • Interior Features

    Roof: Composition
    Appliances: Gas Range
    Laundry Features: Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Cooling: None

  • Building Information

    Year Built: 1900
    Building Area Total: 2281
    Construction Materials: Stucco
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 6098 Lot Size Acres: 0.14 Lot Size Source: Assessor Lot Size Square Feet: 6,098 Lot Description: Sprinklers None

    Property Information

    Subdivision: Historic District - 0516 Source Property Type: Residential Income Direction Faces: West Property Age: 126

  • Listing Price Information

    Listing Price: $899000
    Conventional, FHA

  • Tax Information

    Parcel Number: 1000165105

  • Utility Information

    Cable Available, Electricity Connected, Natural Gas Connected
  • Location Information

    Direction: From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
425 Eureka Drive, Santa Paula, CA, 93060 $828,000 4 2 1,968 1,968 SqFt
454 Celebration Lane, Santa Paula, CA, 93060 $766,999 3 2 2,226 2,226 SqFt
2075 Seville Drive, Santa Paula, CA, 93060 $785,000 3 2 1,950 1,950 SqFt
2072 Harvest Loop, Santa Paula, CA, 93060 $739,000 4 3 1,939 1,939 SqFt
400 Tibbetts Street, Santa Paula, CA, 93060 $729,000 3 3 1,936 1,936 SqFt
2033 Oreste Lane, Santa Paula, CA, 93060 $854,990 4 3 2,820 2,820 SqFt
276 Limoneira Lane, Santa Paula, CA, 93060 $682,000 4 3 1,870 1,870 SqFt
521 N Santa Paula, Santa Paula, CA, 93060 $759,000 4 4 2,189 2,189 SqFt
344 Campbell Court, Santa Paula, CA, 93060 $650,000 3 2 1,670 1,670 SqFt
509 Snowdrop Lane, Santa Paula, CA, 93060 $789,000 4 3 2,327 2,327 SqFt

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ByOwner last updated this listing 07/22/2026 @ 21:20

MLS: V1-36040 LISTED BY: Kay Wilson-Bolton, eXp Realty of California Inc 805-340-5025 SOURCE: CRMLS

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